Exclusive-Icahn-owned oil refiner CVR bidding in Citgo share auction, sources say
By Gary McWilliams and Marianna Parraga HOUSTON (Reuters) – Oil refiner CVR Energy (NYSE:CVI), controlled by billionaire investor Carl Icahn, has submitted a binding offer in an ongoing auction of…
U.S. oil pares gains as storm forecast spares offshore oil patch
By Erwin Seba HOUSTON (Reuters) -U.S. West Texas Intermediate (WTI) crude gave up most of its gains from earlier in the day as the forecast track for Hurricane Beryl continued…
US dollar dips as Fed’s Powell’s dovish comments offset upbeat jobs data
By Gertrude Chavez-Dreyfuss and Stefano Rebaudo NEW YORK/MILAN (Reuters) -The dollar slipped on Tuesday in choppy trading after Federal Chair Jerome Powell struck a slightly dovish tone in his comments,…
South African rand extends losses, focus on unity government’s reforms
JOHANNESBURG (Reuters) -The South African rand extended losses on Tuesday after a turbulent start to the week as markets waited to see how the new government of national unity (GNU)…
Oil prices climb to two-month highs; summer demand hopes rise
Investing.com– Oil prices rose Tuesday, climbing to two-month highs, as traders bet on increased demand during the Independence Day holiday and potential supply risks from geopolitics and weather-related disruptions. At…
US Treasury yields boost dollar, Powell speech in focus
By Amanda Cooper and Stefano Rebaudo (Reuters) -Rising U.S. yields supported the dollar on Tuesday, with low-yielding currencies such as Japan’s yen and China’s yuan feeling the pressure as investors…
Oil rises to two-month high on summer demand outlook and supply fears
By Arunima Kumar BENGALURU (Reuters) -Oil prices were little changed on Tuesday, trading near two-month highs reached in the previous session on expectations of rising demand during the summer driving…
Morning Bid: Growth ebbs, curves steepen, Powell in Portugal
A look at the day ahead in U.S. and global markets from Mike Dolan Further signs of a cooling U.S. economy greet the second half of 2024, with politics dominating…
Turkey, US in talks on nuclear plant projects, Turkish official says
By Can Sezer ISTANBUL (Reuters) – Turkey is holding talks with the United States on the construction of large-scale nuclear power plants and small modular reactors (SMR), senior Turkish Energy…
Oil holds near two-month high on summer demand outlook and supply fears
By Arunima Kumar BENGALURU (Reuters) -Oil prices were little changed on Tuesday, trading near two-month highs reached in the previous session on expectations of rising demand during the summer driving…
